Post by Franko10 ™ on Dec 31, 2007 7:50:06 GMT -5
9. COMMITMENTS AND CONTINGENT LIABILITIES
The Company has entered into arrangements with organizations, including clearing brokers, which provide for indemnification against losses, costs, claims and liabilities arising from the performance of their obligations under our agreement, except for gross negligence or bad faith. The Company believes the likelihood of a claim being made, the adverse outcome of which, individually or in the aggregate, that can be predicted with any reasonable certainty, could have a material adverse effect on the Company’s business, financial condition and operating results, is remote.
www.sec.gov/Archives/edgar/data/913781/000119312504213877/d10q.htm
Oh Yeah! What arrangements?
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10. CAPITAL STOCK
During the three months ended October 31, 2004, the Company issued in privately negotiated transactions 4,824,244 shares of Company common stock not registered under the Securities Act for net cash proceeds of $1,525,000. Shares totaling 4,748,486 were issued to unaffiliated accredited investors and shares totaling 75,758 were issued to an executive officer of the Company.
During the nine months ended October 31, 2004, the Company issued in privately negotiated transactions 7,031,632 shares of Company common stock not registered under the Securities Act for gross cash proceeds of $3,561,101. Placement fees totaling $35,180 were paid to two placement agents in connection with this share issuance. Shares totaling 6,302,086 were issued to unaffiliated accredited investors and shares totaling 729,546 were issued to executive officers, or family members of executive officers.
www.sec.gov/Archives/edgar/data/913781/000119312504213877/d10q.htm
Oh Yeah! What the person’s name?
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Financing Activities
The cash inflow from financing activities in fiscal 2004 was due to a combination of seven common stock private placements totaling $4,995,725, two cash contributions to equity totaling $1,830,000, a sale of assets totaling $980,000 and option exercises totaling $448,698. The first private placement commenced in February 2003 and raised $340,000 through the issuance of 377,776 shares to employees. The second private placement commenced in March 2003 and raised $293,150 through the issuance of 205,000 shares to employees. The third private placement commenced in March 2003 and raised $2,419,050 through the issuance of 1,612,161 shares to employees, a director and a private investor. The fourth private placement commenced in October 2003 and raised $100,000 through the issuance of 28,986 shares to an employee. The fifth private placement commenced in November 2003 and raised $811,650 through the issuance of 348,347 shares to employees and directors. The sixth private placement commenced in November 2003 and raised $110,000 through the issuance of 50,000 shares and 5,000 warrants to a private investor. The seventh private placement commenced in December 2003 and raised $921,875 through the issuance of 526,786 shares to current and former employees, plus a private investor. The Company took possession of municipal bonds from J.S.A. Investments LLC that were subsequently liquidated into cash of $1,700,000 on October 17, 2003. In May 2003, the Company completed a transaction with Martin H. Meyerson, the Company’s former Chairman and Chief Executive Officer, totaling $1,350,000, whereby he made a $130,000 cash contribution to equity, he purchased $980,000 of assets and he reimbursed the Company for $240,000 of expenditures related to certain regulatory matters.
www.sec.gov/Archives/edgar/data/1318309/000119312505137505/d10k.htm
Oh Yeah! Who’s the Private Investor?
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Hey!
When did JOHN EDWARDS purchase more than 10% of Crown Financial Holdings, Inc. [ CFGI ]
www.sec.gov/Archives/edgar/data/1318309/000110465905032183/xslF345X02/a3.xml
Gee Whiz?
JOHN EDWARDS owns 6,758,000 Preferred Shares.
That equals 25.7% of the Outstanding Preferred Shares of Crown Financial Holdings, Inc.
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What’s this?
RISSINGTON INVESTMENTS?
Why would JOHN EDWARDS transfer money to the Republic of China?
Hey! RESSINGTON INVESTMENTS owns 3,548,000 Preferred Shares.
That equals 13.5% of the Outstanding Preferred Shares of Crown Financial Holdings, Inc.
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What’s this one?
MINING FEASABILITY CAPITAL CORPORATION?
MINING FEASABILITY CAPITAL CORPORATION owns 3,210,000 Preferred Shares.
That equals 12.2% of the Outstanding Preferred Shares of Crown Financial Holdings, Inc.
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www.sec.gov/Archives/edgar/data/1318309/000110465905032187/a05-12132_1sc13d.htm
In March and April 2005, Mr. Edwards through the Trust and MFCC made a series of purchases of CFGI Series A Convertible Preferred Stock (“Preferred Stock”) in a private placement. The purchase price of each share of the Preferred Stock was $148.00. Mr. Edwards is the sole beneficiary of the Trust and the sole stockholder of MFCC. The purchases of the Preferred Stock were financed directly or indirectly from the personal assets of Mr. Edwards.
What Percentage?
(25.7%) + (13.5%) + (12.2%) = 51.4% of the Preferred Shares
How many shares?
(6,758,000) + (3,548,000) + (3,210,000) = 13,516,000 Shares.
What did the shares cost?
(13,516,000 Shares) x ($148.00 per shares) = $2,000,368,000.00
WOW!
JOHN EDWARDS is worth over $2 Billion Dollars?
Jan 29, 2006, 7:26pm, lwebb wrote:
John Edwards does not, and never did, own $2-billion worth of Crown Financial stock.
Someone misinterpreted the data and I suspect that bumbling Bill parroted that flawed interpretation in his Sept. 6, 2005, shareholders derivative rights demand letter to Don Stoecklein.
In fact, Mr. Edwards purchased 3,548 Series A convertible preferred shares at $148 per preferred share through Rissington Investments and 3,210 Series A convertible preferred shares at $148 per share through Mining Feasibility Capital Corp. for a grand total of 6,758 Series A convertible preferred shares.
The total cost was $1,000,184. That is a hair over $1-million and a far cry from $2-billion.
Each Series A convertible preferred share was convertible into 1,000 common shares, for a grand total of 6,758,000 common shares, if they were converted.
It appears that whoever did the original calculations mistakenly doubled Mr. Edwards's holdings by misinterpreting the Schedule 13D and compounded that error by applying a cost of $148 per share to the common shares underlying the preferred shares.
I believe I covered much of this in an article last September.
Lee
That was I that made the mistake.
Shortly after I calculated those numbers, someone pointed out that I made a mistake.
I looked over the numbers ... and Yes!
I did make a mistake.
So I re-computed using the correct numbers and I came up with $1 million dollars too.
The conspiracy theory is running amuck! LOL
First witness, Neil Levine, CPA. January 10th 2005 he was hired to audit and he has not gotten any papers to perform the audit. John Edwards, a friend of Levine was the one who got Neil and CMKX together. Neil said the company wanted to file the reports so they could go to a higher exchange.
Mr. Levine testified that he first heard about CMKM in December of last year through a referral from John Edwards. When asked about Mr. Edwards's role with CMKM, the auditor said that he was not sure, but he thought he was a business consultant.
The witness told the court that he met with CMKM's chief executive officer Urban Casavant, the company's chief financial officer David DeSormeau and John Edwards at the office of the former account David Coffey in Las Vegas, Nev., on Jan. 10.
knobias.10kwizard.com/filing.php?repo=tenk&ipage=3569976&doc=1&total=&back=2&g=&attach=on
Edwards John M filed on 07/12/2005 Company Filings
Table of Contents View Header Printer Friendly Complete Document
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL
OMB Number: 3235-0104
Expires: January 31, 2005
Estimated average burden
hours per response 0.5
1. Name and Address of Reporting Person*Edwards John M
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(Last) (First) (Middle)
7500 W. LAKE MEAD, #9627
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(Street)LAS VEGAS NV 89128
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(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
04/28/2005 3. Issuer Name and Ticker or Trading Symbol
Crown Financial Holdings, Inc. [CFGI]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable) Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)
2. Amount of Securities Owned (Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)
4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)
2. Date Exercisable and Expiration Date (Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)
4. Conversion or Excercise Price of Derivative Security
5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)
6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Convertible Preferred Stock (1) (1) Common Stock 3,548,000 $ (1) I Note (2)
Series A Convertible Preferred Stock (1) (1) Common Stock 3,210,000 $ (1) I Note (3)
Explanation of Responses:
1. The Series A Convertible Preferred Stock is convertible into common stock of the issuer at the option of the holder. Each share of Series A Convertible Preferred Stock can be converted into 1,000 shares of CFGI common stock. The Series A Convertible Preferred Stock has no expiration date.
2. Shares held by Rissington Investments, a business trust dated November 16, 2004, of which Mr. Edwards is the sole beneficiary.
3. Shares held by Mining Feasibility Capital Corp., a Nevada corporation, of which Mr. Edwards is the sole stockholder.
/s/ John M. Edwards 07/08/2005
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
Edwards Companies and assigns
Company Name Shares Issued
ABDU 1,000,000,000
AGAP Serene 6,659,000,000
Alberta Resource Consortium 12,000,000,000
Albert Finch and Associates 8,000,000,000
Aruma Mining Inc 2,070,000,000
Barrington Foods Trust 200,000,000
Bazarro Gears 1,070,000,000
Berama Giorgio 3,756,168,000
British Columbia Mining Syndicate 8,000,000,000
Broadleaf Capital Trust 200,000,000
Canadian Tundra Resources 2,300,000,000
Chen Trust 1,100,000,000
Anita Cohen 4,000,000,000
Consistorium Patruum 7,140,000,000
Dela norte Trading Langley 4,391,500,000
Del la Norte Trading (Vegas) 400,000,000
Docket Reporting Services 8,000,000,000
Doyle Trust 4,400,000,000
Elan First Merchant (Langley) 2,183,009,571
Elan First Merchant (Vegas) 1,080,000,000
Eleta Brunelle (Langley) 1,972,084,000
Eleta Brunelle (Langley) 140,056,000
Jules Englehardt Trust 4,760,000,000
Eton Properties 30,958,346,596
Fastraxx 200,000,000
Faza Gee Industrial 4,346,465,996
Feasibility Studies International 714,000,000
Feasibility Mining Services 6,000,000,000
First Colony Merchant 20,000,000
Futula Alloys Inc. 1,500,000,000
Futula Alloys Inc. (Vegas) 240,000,000
Giorgio Metals 2,070,000,000
GM Steel Trust 23,850,000,000
Guardian Security Trust 200,000,000
Hiaget Gears 1,500,000,000
Huntion Trading 2,331,033,600
Inde Enterprises (Vegas) 327,000,000
Inde Enterprises (Langley) 1,220,000,000
Industrichem Trust 200,000,000
Inov8mobile Trust 200,000,000
ITC trust 200,000,000
Jasmine Tree Farms (Langley) 1,070,000,000
John Di Properties 6,940,000,000
Jt Trust 1,500,000,000
Juina Mining Trust 200,000,000
Jules Englehardt 4,760,000,000
Jules Englehardt Inc 1,600,000,000
Jules Englehardt Inc. Trust 465,500,000
Kart Trust 3,000,000,000
Jeannie Kinney 8,000,000,000
Kolba Meadmakers (Langley) 870,000,000
Kolba Meadmakers (Vegas) 80,000,000
Lajolla Leathers 870,000,000
Loan and Development Corporation 1,657,142,857
Lajolla Leathers (Vegas) 80,000,000
Mantica Trust 200,000,000
McClendon Transportation Trust 200,000,000
MCM Trust 1,500,000,000
Mineral West Associates 12,000,000,000
Moncom Enterprises (Langley) 9,704,382,283
NoAngel Glass (Langley) 950,000,000
Oles Books 1,070,000,000
Ortech Trust 200,000,000
Patruum Services 6,000,000,000
PTI Trust 27,715,067,030
Quapple Toffee (Langley) 950,000,000
Reginella Tackle Inc. 950,000,000
Anthony Rick 6,000,000
Anthony Rick acct 2 1,600,000,000
Eton Properties Anthony / Ormstead 400,000,000
Frank Ormstead 6,000,000
Sandias Azucara 500,000,000
Saskatchewan Mineral Developments 8,000,000,000
Shareholder Relations USA 7,295,250,000
Suerlan Gezebos 1,070,000,000
Tobian Trading (Langley) 8,166,394,407
Tobian Trading (Vegas) 160,000,000
Vidmar Limited Trust 3,500,000,000
Viford Trading (Langley) 5,252,112,308
Viford Trading Trust (Vegas) 134,900,000
Wakefield Services Corporation 16,262,858
Totals for Edwards Companies and Assigns 289,537,675,506